Dec 26, 2012 4:00am PST
u.s. government is calling in the national academy of sciences for yet another safety review of airport scanners. the department of homeland security says the nonprofit group of scientists will be charged with reviewing previous studies done on the scanners. the call comes amid continuing concerns from some members of congress, as well as some scientists, about the amount of radiation that the scanners subject travelers to. brave investors who bought junk-rated greek bonds in january of 2012 are sitting on profits. the highly-risky bond buy during an extremely volatile time for the country has earned investors 20 times more than people who purchased top-rated german debt this year. bloomberg news reports the return on the greek junk bonds is up 80%, compared to a gain of just 3.7% for german bonds. it helped that greece's credit rating was upgraded to b- in june from "selective default" when the greek soveriegn debt was restructed. making those new year's resolutions to live healthier affects your waistline and your wallet. bankrate.com has listed some of those popular resolutio
Dec 27, 2012 4:00am PST
. government may expand its mortgage refinancing program to include borrowers not backed by fannie mae and freddie mac and also include borrowers who owe more than their homes are worth - about 22% of all homes with a mortgage. from department stores to bookshops to jewelry sellers, a lot of retail stocks are dragging around their empty boxes and gift wrap post- christmas. mark sebastian of option pit joins us. mark, welcome, and what happened to these retail stocks? > > it is just kind of a cacophony of bad things. we have got this fiscal cliff looming, which is scaring retail purchasers, and we have just terrible weather out east, both before and after christmas. this storm is going to be terrible, and superstorm sandy had to have depressed sales if you consider what kind of damage was done to new york and new jersey. > i was reading about that. the mid-atlantic and northeast account for 24% of all retail sales in the u.s. that is a huge chunk of sales. > > absolutely huge, and that is going to put a big impact on sales. if you are spending your money getting your house fixed up and wait
Dec 28, 2012 4:00am PST
america with 30,000 planned layoffs, hpq with 29,000, even the u.s. government with 31,000 jobs lost. what's going on here? and which stocks do you buy? does it help? > > go ahead. > > andrew's philosophy is - and i am going to speak for him - that he thinks it's a cost- cutting measure and it's good for the stock- > > of course. any time you cut costs, you cut jobs, the stock goes up. look at bank of america. the second thing- > > j.c. penney- > > j.c. penney?! they're going to zero. > > exactly! so that is not going to help their game. > > they have a bad business model. that is why they're going out of the game. > > i believe it is going to help one stock: hewlett-packard. it's a stock that- > > hewlett-packard?! > > -long been forgotten about- > > put it in the basket with dell, j.c. penney- > > put it in the basket with rim and yahoo, which have had big, big jumps. it has value, it's a name, it just needs to reinvent itself- > > what's their product they sell? > round 3) the fiscal fiasco - is this fiscal cliff a real issue for the market jan 1st? > > no. the answer is no. the m
Dec 25, 2012 4:00am PST
to my shop!" reporting from india, paul eggers, first business news. the indian government tightly regulates the gold market by testing jewelery for quality. chokesee believes this is a positive, because it helps protect customers from low- quality pieces. an overwhelming number of parents in the u.s. believe their children are growing up without learning valuable life skills such as how to manage their money. as many as 7 out of 10 parents expect these lessons to be taught in public school. nathaniel and stacey didomenico's young daughter, arianna, is more ahead of the game than she realizes. "we've already started with our daughter. there are things she wants at the store and we explain that it costs money, we have to earn money, sometimes we don't want to spend any more money, we've already spent enough." "it's definitely something parents should teach their kids." > > how old is your daughter? "three-and-a-half." > > and you're starting to work her already about financial responsibility? "about two when we started." > > and how is her little piggy bank doing? "it's pretty fat."